United

Bitcoin

Giant

Dubai

OKX Middle East Fintech FZE, the Dubai-based subsidiary of cryptocurrency exchange OKX, has successfully obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA), marking an important milestone for the exchange's operations in the Middle East. The license is planned to be fully operational in the coming weeks.
<h2 id="okx-s-dubai-based-subsidiary-obtains-dubai-virtual-assets-license-for-fiat-transactions">OKX's Dubai-Based Subsidiary Obtains Dubai Virtual Assets License for Fiat Transactions</h2>
The Dubai Virtual Asset Services Provider (VASP) license obtained by OKX Middle East Fintech FZE positions it to facilitate fiat transactions, offering spot services and spot pairs to both institutional and qualified individual customers through the exchange application.
Already emerging as a preferred destination for crypto enthusiasts and businesses, Dubai has witnessed growing interest from major players in the crypto sector.
OKX, which is currently the second largest stock exchange in the world in terms of volume, received a preliminary license from VARA in June of the previous year.
Related News: <a href="https://en.bitcoinsistemi.com/the-korean-premium-in-bitcoin-overheated-cryptoquant-analysts-comment-on-the-situation-and-reveal-price-expectation/" target="_blank" rel="noopener noreferrer nofollow">The "Korean Premium" in Bitcoin Overheated: CryptoQuant Analysts Comment on the Situation and Reveal Price Expectation</a>
The latest announcement operationalizes this status, allowing OKX Middle East Fintech FZE to expand its services.
OKX MENA Region General Manager Rifad Mahasneh emphasized the importance of the license and said:
“This enables us to offer UAE residents the services we are after, including spot trading and fiat-related services, namely deposits and withdrawals of the local currency, the United Arab Emirates dirham (AED).
“Mahasneh added that the subsidiary will introduce local currency trading pairs such as AED/BTC and AED/ETH, providing new opportunities for users in the region.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-bitcoin-exchange-continues-to-improve-its-domain-received-a-license-from-dubai/" rel="noopener noreferrer nofollow">Giant Bitcoin Exchange Continues to Improve Its Domain! Received a License from Dubai!</a>

Giant Bitcoin Exchange Continues to Improve Its Domain! Received a License from Dubai!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jan 16, 2024

Klaytn and LINE’s Finschia Eye Merger: A Leap Towards Asia’s Largest Web3 Ecosystem

Charles Hoskinson Responds to Research That Claims Cardano Is ‘Useless’

Binance Launches Public Crypto Exchange Services in Thailand

Daily Analysis: BTC, ETH, ENJ, HEX, ZEC

Grayscale Transferred 9,000 Bitcoins to Coinbase, BTC Began to Decline!

Bitcoin’s Price Recovery and the Upcoming Federal Reserve Meeting

Join our free newsletter for daily crypto updates!